Notification of Issue of Securities

31 Mar Notification of Issue of Securities

NZX Announcement IMMEDIATE — 31 March 2017

For the purposes of Listing Rule 7.12.1 of the NZX Main Board Listing Rules, Stride Investment Management Limited (SIML) and Stride Property Limited (Stride, together with SIML, the Stride Property Group) advises the following securities have been issued pursuant to the issuer’s listing:

a)

Class of security:

Ordinary Shares in each of Stride and SIML

ISIN:

NZSPGE0001S2

b)

Number issued:

400,000

c)

Issue Price:

Nil

d)

Payment terms:

N/A

e)

Amount paid up:

Fully paid

f)

Percentage of total class issued:

0.11% of the total shares on issue immediately prior to the issue of the new shares.

A Stapled Security of the Stride Property Group comprises one ordinary share in Stride Property Limited and one ordinary share in Stride Investment Management Limited. Under the terms of the constitution of each company, the shares in each can only be transferred if accompanied by a transfer of the same number of shares in the other.